Question 58

A chair was purchased for $$₹ 785$$ and sold at a profit of 22%. What was the selling price?

Solution

Given,

Cost Price of the chair = $$₹ 785$$

Profit% = 22%

$$=$$> Profit = $$\frac{22}{100}\times785$$

$$\therefore\ $$Selling Price = Cost Price + Profit = $$785+\frac{22}{100}\times785$$ = $$\frac{122}{100}\times785$$ = $$₹ 957.7$$

Hence, the correct answer is Option B

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